• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • About
  • Services
  • Team
  • Blog
  • Careers
  • Contact

Rescission and Reformation

Home / Services / Real Estate Litigation / Rescission and Reformation

Rescission and Reformation

 

Rescission and Reformation are two ways that an existing contract or written instrument can be altered. Both involve complicated legal issues and justifications and it is important to fully understand the changes that are being made and how they will impact your legal rights.

Rescission is the “unwinding of a transaction”. It is an equitable remedy that cancels an existing contract and restores the parties to their positions immediately prior to entering into the contract. This remedy can be sought for the following reasons: innocent or fraudulent misrepresentation, duress and/or undue influence, mutual mistake and/or lack of capacity.

Reformation is an equitable remedy that is sought by a party to a transaction whereby an existing contract or written instrument can be changed or edited to adequately reflect the understanding or the parties’ agreement.

Primary Sidebar

Practice Areas

  • Default Services
  • Residential
  • Real Estate Litigation
  • Commercial Transactions
  • Foreclosures
  • Bankruptcy
  • Evictions

© 2023 Friedman Vartolo LLP. All Rights Reserved

This website may constitute attorney advertising under the New York Code of Professional Responsibility. Prior results do not guarantee a similar outcome.

DESIGNED BY BOFILL TECH